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Buy Astral, target price Rs 2200: Yes Securities

Updated at : 2022-12-09 10:20:03

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Astral, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 42082.70 Crore) operating in Plastics sector.

Adani Enterprises has acquired 100 percent stake in Alluvial Mineral Resources, from Adani Infra (India). Alluvial Mineral Resources is engaged in mining of minerals & ores activities and other allied activities.

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The Terra ecosystem was helmed by the symbiotic relationship between the two tokens that was managed by lines of automated code to govern circulation. If the price of UST went above $1, traders were incentivized to swap Luna for UST at a profit, and vice versa, thus in theory keeping UST’s circulation in check.

Oil prices steady after hitting 2022 lows

Updated at : 2022-12-09 08:45:02

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While U.S. crude stocks fell last week, gasoline and distillate inventories surged, adding to concerns about easing demand. Gasoline stocks grew by 5.3 million barrels in the week to 219.1 million barrels, and distillate stockpiles, including diesel and heating oil, swelled by 6.2 million barrels, the EIA said.

The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow.

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Oil prices are set to post their biggest weekly drop in months, since traders expect it will be months before the benefits of China easing COVID controls feeds through to demand.

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Paytm, said its board of directors will meet on December 13 to consider a proposal for a buyback of its shares.

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Several banks, along with industry bodies representing money and currency market dealers, met on Wednesday to discuss the probable fallout on financial markets if the RBI and the European Securities and Markets Authority (ESMA) fail to sort out their disagreement.

RBI buys estimated $8 billion from market in a week

Updated at : 2022-12-09 07:20:04

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Foreign exchange analysts are not ruling out the likelihood that some forward contracts that RBI had to honour would have come up for maturity. That could also have led to the addition of spot-dollar reserves. RBI Governor Shaktikanta Das has also underscored the focus on building up forex reserves to deal with uncertain external financial conditions.

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